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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (218)7/17/2003 8:16:08 PM
From: ild  Read Replies (1) | Respond to of 110194
 
PMI companies don't like refinancings and RE appreciation. Higher rates will slow down both. I'm short RDN/MTG because I think RE will go down and RDN/MTG will be killed by defaults. Look at their reports. They have been losing prime customers and piling up on subprime and lower. As of now they are getting fat premiums, but it won't matter in the future.